1

SoundExchange’s Annual Royalty Collections Approaching $1 Billion — Due to Pandora

angus macdonald dec2015 canvas

by Angus MacDonald

Intellectual property attorney Angus MacDonald was the first to calculate that Pandora paid more than half of all SoundExchange collections of royalties to record labels. In this column, he calculates a higher percentage for 2015, noting that the growth of SoundExchange royalty collections is tied closely to Pandora, and that the pace is slowing.

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5

Observations and Analysis of the CRB Webcaster Rates

angus macdonald dec2015 canvas

by Angus MacDonald

Intellectual property attorney Angus MacDonald was the first to calculate that Pandora paid more than half of all SoundExchange collections of royalties to record labels. At that time he spoke of implications for the Webcasting IV process which ended this week with new webcaster rates for 2016. We asked MacDonald for his thoughts about the ruling, and he sent us his analysis.

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2

Another Banner Year for SoundExchange’s Collections, Thanks to Pandora

angus macdonald canvas

by Angus MacDonald

Intellectual property attorney Angus MacDonald examines the 2014 royalty collections by SoundExchange, and Pandora's earnings reports, to determine that Pandora accounts for more than half of all SoundExchange revenues distributed to artists and labels. What does the future look like as the Copyright Royalty Board prepares a ruling of webcaster royalty rates for 2016-2020?

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5

Pandora Is Now Over 50% SoundExchange’s Royalty Collections; Implications For Webcasting IV

angus macdonald canvas

In this guest article, IP attorney Angus MacDonald of the University of California analyzes the recently-released 2013 annual report from SoundExchange, and Pandora's financial statements, to conclude that Pandora pays over 50% of SoundExchange collections to labels. What does this mean for U.S. regulations in the next royalty period?

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